Yahoo Web Search

Search results

  1. People also ask

  2. Sep 24, 2017 · 5 Samples Cases of Fair Divorce Settlements: Ken and Jan. Marital Profile: Ken and Jan have been married for five years and have no children. They both entered into the marriage with established careers, earning similar salaries. Divorce Settlement: The marital assets are split 50/50 between the spouses.

    • Cathy Meyer
    • Divorce Settlement Definitions
    • Division of Assets
    • Child Custody and Child Support
    • Alimony

    Before we get into what is in a settlement agreement, we need to briefly define a few terms, including: 1. Marital property. Marital property is any item, asset or debt (with a few exceptions) acquired during the marriage. This includes income, your home, bank accounts, credit card debt and retirement accounts. 2. Separate property.Property acquire...

    Courts divide marital assets according to the guidelines set out for them in state statutes. When considering how to divide assets, a judge usually is required to consider several factors, including: 1. What each spouse contributed to the marriage, both economically and non-economically 2. Earning capacity of each spouse 3. Financial resources of e...

    Any divorce settlement agreement involving minor children is automatically much more complex. Every state begins an analysis of parental rights by considering what’s in the best interest of your child. If one spouse has been abusive or neglectful, then the other spouse may have a good argument for requesting full custody and substantial child suppo...

    Alimony, also called spousal support or maintenance, often occurs in marriages where one party earns substantially more than the other. A common example is when one spouse is a stay-at-home parent. Consider several factors when deciding on alimony: 1. How long was your marriage? 2. Does one spouse have the ability to provide alimony and does the ot...

  3. Below are some examples of common provisions in divorce settlement agreements. Child Custody and Support. Child custody and child support are often the most contentious issues in a divorce. When negotiating this section of your settlement, focus on the best interests of your children. Sample child custody language may include:

    • Children. If you have minor children, they should always come first in your divorce checklist. Judges always consider “the best interest of the child” in making any divorce or separation decision, so all division of property and support decisions will be based on your child’s welfare.
    • Real Property. Real property includes your marital home and any land or timeshares you may have purchased during your marriage. Depending on where you live, the property division may be community or equitable.
    • Personal Property. Personal property is anything that is not real property. Like real property, anything acquired during the marriage, with some important exceptions, is considered marital property and subject to division according to your state’s rules.
    • Financial Information. Financial information includes joint and separate bank accounts. It also includes any income, retirement plans, pension plans, stock options or bonuses, 401(k) plans, and any other money you and your spouse may have through work.
  4. Updated May 02, 2024. A marital settlement agreement is a legal document that allows a couple to divide their property and liabilities as part of a divorce. Prior to writing an agreement, each spouse is required to provide the other with a financial disclosure listing all assets and debts.

  5. Free Divorce Settlement Agreement Template - Get 2023 Sample. available. Divorce Settlement Agreement Template. THIS DIVORCE SETTLEMENT AGREEMENT (this “Agreement” or this “Divorce Settlement Agreement”) is made and entered into as of DATE (the “Effective Date”) by and between:

  1. People also search for